Tuesday, August 16, 2011

Which is the best corporate entity to use?

I live in New York and would like to incorporate to pursue real estate interests in other states. I plan on incorporating in Nevada but I am not sure what kind of business entity to use (LLC, S or C corp). I want to maximize my profits and minimize taxes I have to pay out as an individual. In other words, I would like to pay as little personal tax in New York as possible using the most beneficial type of business entity out there.

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